Magazine

Alternative Investments for the Masses


IndexIQ has six products on the market and a dozen more in the pipeline. It hopes to create a portfolio of low-cost, indexed alternatives that span hedge-fund replication, inflation tracking, merger arbitrage, and distressed investments

INVESTMENT/TICKER: IQ Alpha Hedge Strategy/IQHOX

LAUNCHED: June 2008

ASSETS: $38 million

STRATEGY: IndexIQ's only mutual fund offering tries to replicate hedge-fund returns and uses leverage. The fund, its oldest, gained 25.9% over the past year.

INVESTMENT/TICKER: IQ Hedge Multi-Strategy Index ETF/QAI

LAUNCHED: March 2009

ASSETS: 74 million

STRATEGY: IndexIQ's biggest product seeks hedge-fund-like, low-volatility returns with moderate correlation to stocks and bonds.

INVESTMENT/TICKER: IQ Hedge Macro Tracker/MCRO

LAUNCHED: June 2009

ASSETS: 7 million

STRATEGY: Aims to track the returns of hedge funds that play on macroeconomic trends or that have an emerging markets strategy.

INVESTMENT/TICKER: IQ CPI Inflation Hedged ETF/CPI

LAUNCHED: October 2009

ASSETS: 3 million

STRATEGY: Seeks to hedge against changes in the U.S. inflation rate by tracking a proprietary index.

INVESTMENT/TICKER: IQ ARB Global Resources ETF/GRES

LAUNCHED: October 2009

ASSETS: 6 million

STRATEGY: Attempts to offset inflation through exposure to a diversified portfolio of commodity-related equities worldwide.

INVESTMENT/TICKER: IQ ARB Merger Arbitrage ETF/MNA

LAUNCHED: November 2009

ASSETS: 3 million

STRATEGY: This new merger-arbitrage ETF is designed to give investors exposure to global corporate mergers-and-acquisitions activity.

Data: Morningstar, IndexIQ


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